‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInInitial Coin Offerings Covered by Securities Law, Judge Says – Bloomberg
A federal judge has ruled that U.S. securities laws may cover an initial coin offering, handing the government a legal victory in its effort to regulate billions of dollars in cybercurrency offerings much like stocks. via Initial Coin Offerings Covered by Securities Law, Judge Says – Bloomberg.
SEC.gov | Elad Roisman Sworn In As SEC Commissioner
“It is my honor to welcome Elad back to the Commission,” said SEC Chairman Jay Clayton. “Elad’s broad experience and previous work at the Commission will serve Main Street investors and our markets well.” via Elad Roisman Sworn In As SEC Commissioner.
Australia: Woolworths hit with $100m class action from shareholders over shock downgrade
Woolworths is facing a potential $100 million payout to aggrieved shareholders who saw the value of their investments plunge when the supermarket delivered a shock downgrade to its profit outlook in 2015. via Woolworths hit with $100m class action from shareholders over shock downgrade.
SEC suspends trading of cryptocurrencies bitcoin, ethereum due to confusion
Trading of two cryptocurrencies have been temporarily suspended because they are not identified correctly and could mislead consumers, federal regulators said. The U.S. Securities and Exchange Commission suspended the trading of Bitcoin Tracker One and Ether Tracker One until Sept. 20 to give exchange XBT Provider time to clear up confusion about the nature of […]